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  • Chronos Solutions acquires UPF Services

    Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition.

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Fannie Mae: Book of mortgage business declines

Fannie Mae's book of mortgage business decreased at a compound annualized rate of 4.8%, compared to 4% last month, according to the GSE's monthly summary.

For the full year of 2012, Fannie Mae’s gross mortgage portfolio totaled about $633 billion, down from $708 billion a year prior. 

The conventional single-family, serious delinquency rate fell one basis point to 3.29% in December, remaining relatively unchanged from 3.3% in November

The multifamily seriously delinquency rate also fell one basis point to 0.24% in December, compared to 0.25% in November. 

Fannie Mae completed 12,095 loan modifications, totaling 163,412 for 2012. Last month, the government-sponsored enterprise completed 151,317 loan modifications. 

In December, the GSE’s gross mortgage portfolio grew at a compound annualized rate of 1%.

The monthly report summary contains information about Fannie Mae’s monthly and year-to-date activities including mortgage-backed securities, interest-rate risk measures and serious delinquency rates. 

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